Taxes
Which income tax goes towards funding our military?
Federal Taxes
What is the minimum wage?
7.25/Hour
What is the machine we can withdraw money from?
ATM
At an interest rate of 3.6%, How many years it takes for our money to double?
20 years
How many hours is a regular work week?
40
What is the tax levied on an imported good?
Tariffs
What is the extra income from the assets called?
Passive Income
What does APR stand for?
Annual Percentage Rate
What is 401K?
Retirement account through your employer
What are our names
...
What is the tax you pay when you receive money or property from the estate of a deceased person?
Inheritance tax
Is grocery expense a fixed expense or a variable expense?
Variable expense
What is the factor that affects your credit score most?
Payment History
The stock of financially stable, well-established companies is called?
blue-chip stock
where do your instructors go to college
they don't, they dropped out
jk
Name three things federal taxes pay for
there are many
what are the two types of assets
income generating and expense generating
To obtain a loan, what will a lender look at?
Credit History
What does IPO stand for?
Initial Public Offering
What are the 3D's of Identity Theft Protection?
Deter, Detect, Defend
name four things state taxes pay for
also many
What is the total amount of money that you make before subtracting expenses and taxes called?
Gross Income
What does FICO stand for?
FICO stands for Fair, Isaac & Company
What is giving up something you might want today to have more in the future called?
Delayed Gratification
What is the distribution of investments among several companies/assets with the intention of reducing risk?
Diversification